Enron Mail

From:cheryl.nelson@enron.com
To:sara.shackleton@enron.com
Subject:Re: Enron Credit Inc. ("ECI")
Cc:tom.doukas@enron.com
Bcc:tom.doukas@enron.com
Date:Tue, 27 Mar 2001 04:38:00 -0800 (PST)

Hi Sara & Tom,

Sara, I stopped by your office to discuss ECI but you are in a meeting.

As per our discussion yesterday, I had a scheduled conference call with Anna
Meytina of Bear Stearns to discuss ECI. (Sara, the call was not at 1:30 but
rather took place before noon today). In light of our calls with Anna, here
is where we stand:

1. Brokerage Agreement: I asked her how we are doing on getting the final
draft of the Agreement to me. She indicated that she was trying to send a
redlined version today as promised. She still has get approval on the
arbitration provision and limited liability provision from her Managing
Director. this is what is manily holding up the process, not any lack of
diligence on our part.

2. Assignment: Anna and I discussed my comments to the Assignment Agreement
-- she agreed to make all of the changes and to do so by the end of the day.

3. Guaranty: Anna and I have a scheduled conference call to discuss my
comments to the redlined guaranty she sent back to me.

Anna represented that, in light of the hold-up from her Managing Director, it
was unlikely that she could get any agreement signed by the end of the day
today but agreed that Wednesday was a realistic possibility.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693